Featured News - Current News - Archived News - News Categories

SolarCity will say more next month about massive Riverbend project

 Analysts expect SolarCity to elaborate on its acquisition of Silevo at its second quarter earnings call, which will take place around Aug. 7.


The acquisition was announced June 16, and has huge implications for Western New York -- even though both companies are from California.


That's because SolarCity plans to use Silevo's technology to build one of the largest solar-panel production plants in the world at Riverbend Commerce Park in Buffalo. The proposed park is being created through Gov. Andrew Cuomo's Buffalo Billion initiative, and will be supported by more than $200 million of public infrastructure.


If the plant comes to fruition, it will almost certainly make Buffalo a prominent region in the high-stakes, years-long battle to make solar energy competitive with fossil fuel.


SolarCity's chairman, Elon Musk, has said Silevo's high-output, low-cost technology shows the potential to make solar competitive without the huge government subsidies on which it currently survives. Despite a glut of panels today, Musk, CEO London Rive and CTO Peter Rive said in a June 16 blog post on SolarCity's website that the manufacturing plant will address the projected future market.


"Without decisive action to lay the groundwork today, the massive volume of affordable, high-efficiency panels needed for unsubsidized solar power to outcompete fossil-fuel grid power simply will not be there when it is needed," they wrote.


Since June, there hasn't been much news from the players involved. Cuomo has said he's had positive talks with Musk, but warned that the project is extremely competitive and that other states are in pursuit. SolarCity is an intensely scrutinized company, which is a function of its highly subsidized industry and also of solar power's world-changing potential -- if it ever makes economic sense. Its last earnings call was May 7 -- before the Silevo acquisition set off a continuing round of speculation about how it would be financed and the impacts in Buffalo, the United States and the international solar industry.


中华彩票网 天水市 永康市 成都市 商洛市 大庆市 镇江市 临夏市 阜新市 巴中市 萍乡市 崇州市 邓州市 平度市 河津市 台中市 衡水市 明光市 凤城市 吉林省 石首市 龙海市 黄石市 叶城市 都匀市 武穴市 朝阳市 青岛市 凤城市 葫芦岛市 仙桃市 合肥市 孝感市 邢台市 兴城市 平度市 利川市 洮南市 信阳市 常州市 宁国市 南阳市 徐州市 北宁市 邢台市 鹿泉市 池州市 北宁市 台中市 华阴市 延吉市 铁力市 兴城市 淮安市 汉川市 东阳市 焦作市 西安市 佛山市 潍坊市 甘肃省